IMF's Gita Gopinath on India's Economic Path: Reforms, Trade, and Taxation Critical

IMF deputy managing director Gita Gopinath emphasized the need for India to undertake more reforms to sustain economic growth and create jobs. Speaking at an event, she highlighted the importance of lowering import tariffs for global trade participation, optimizing the tax system, and leveraging technology for property tax implementation.

IMF deputy managing director Gita Gopinath has called for India to implement further reforms to maintain its economic growth trajectory and ensure job creation across the nation.

Speaking at an event, Gopinath stressed the necessity of reducing import tariffs for India to become a significant player in global supply chains. She noted that despite substantial structural reforms, India's higher tariff rates compared to peer economies could impede its global trade integration.

Gopinath also discussed the need to broaden India's personal income tax base and make the tax system more progressive. She highlighted the potential of employing better technology for efficient property tax implementation, thus increasing government revenue.

(With inputs from agencies.)